Friday, 30 June 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 30 JUNE 2017

Ref.Soya oil trading range for the day is 628-642.Ref soyoil gained on short covering after prices dropped on ample supplies due to increase in cheap edible oil imports coupled with weak international prices.As per SEA, Import of soy oils during May 2017 is reported at 3.40 lt compared to 1.78 lt in May 2016 – up by 91%.SEA of India believes that farmers may shift from oilseed to the plantation of other crops on hope of higher remunerative prices.At the Indore spot market in Madhya Pradesh, soyoil was steady at 629.65 Rupees per 10 kgs.